Fintech Firm Innoviti Said to Seek Funds at $350 Million Value

Innoviti Technologies Pvt Ltd. is weighing a new funding round that could value the Indian fintech startup at around $350 million, according to people familiar with the matter.

The startup, backed by Infosys Ltd. billionaire founder Narayana Murthy’s venture capital fund Catamaran Ventures, is looking to raise around $25 million in a round, the people said. Some of Innoviti’s early investors could also tag along and sell shares worth about $25 million, said one of the people, who asked not to be identified as the information is private.

Innoviti plans to use the new capital for adding more ...